MERCHANTS FOUNDATION INC
Cite this
Plain text MERCHANTS FOUNDATION INC. Strategy Studio, nonprofit organization profile, tax years 2022–2024. https://strategystudio.org/org/881340802. Retrieved 2026-10-19.
APA Strategy Studio. (n.d.). MERCHANTS FOUNDATION INC [Nonprofit organization profile; tax years 2022–2024]. Retrieved October 19, 2026, from https://strategystudio.org/org/881340802
MLA “MERCHANTS FOUNDATION INC.” Strategy Studio, tax years 2022–2024, https://strategystudio.org/org/881340802. Accessed 19 Oct. 2026.
Retrieved 2026-10-19; covers tax years 2022–2024. Data: Strategy Studio, CC BY 4.0.
2024 · Form 990PF · revenue $450K · expenses $450K · assets $500
- EIN
- 88-1340802
- Address
- 410 MONON BLVD, CARMEL, IN 46032-2345
- Website
- WWW.MERCHANTSFOUNDATION.ORG
- NTEE code
- T20
- Subsection
- 501(c)(3)
- Ruling year
- 2022
- Cross-check
- ProPublica Nonprofit Explorer
Each tax year counts once: when a return was amended, only the latest return for that period is used below (superseded returns stay listed, greyed, under Finances).
People paid by the organization
None of the 7 people listed on these returns reported compensation from the organization. They are listed below.
Officers and directors, no compensation reported
7 people listed on the returns with $0 (or no amount) in every compensation column: current people first. Hours are as filed on the latest return each person appears on.
| Name | Latest title | Years | Hrs/wk (latest) | Compensation | Organizations |
|---|---|---|---|---|---|
| Michael Petrie | DIRECTOR | 2022-2024 | 1 | $0 reported | 2 |
| Julia L Kaercher | EXEC DIRECTOR, PRESIDENT | 2022-2024 | 28 | $0 reported | 1 |
| Michael Dury | DIRECTOR | 2022-2024 | 1 | $0 reported | 1 |
| Michael Dunlap | DIRECTOR | 2022-2024 | 1 | $0 reported | 1 |
| Terry Oznick | SECRETARY | 2022-2024 | 1 | $0 reported | 1 |
| John Macke | TREASURER | 2022-2024 | 1 | $0 reported | 1 |
| Julie Sharp (former) | DIRECTOR | 2022 | 1 | $0 reported | 1 |
People by year
2024 · 6 people listed · none paid
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| JULIA L KAERCHER | EXEC DIRECTOR, PRESIDENT | 28 | $0 | - | $0 | $0 | 1 |
| MICHAEL DURY | DIRECTOR | 1 | $0 | - | $0 | $0 | 1 |
| MICHAEL PETRIE | DIRECTOR | 1 | $0 | - | $0 | $0 | 2 |
| MICHAEL DUNLAP | DIRECTOR | 1 | $0 | - | $0 | $0 | 1 |
| TERRY OZNICK | SECRETARY | 1 | $0 | - | $0 | $0 | 1 |
| JOHN MACKE | TREASURER | 1 | $0 | - | $0 | $0 | 1 |
2023 · 6 people listed · none paid
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| Julia Kaercher | Executive Director & President | 28 | $0 | - | $0 | $0 | 1 |
| Terry Oznick | Secretary | 0 | $0 | - | $0 | $0 | 1 |
| Michael F Petrie | Director | 0 | $0 | - | $0 | $0 | 2 |
| Michael Dury | Director | 1 | $0 | - | $0 | $0 | 1 |
| Michael Dunlap | Director | 1 | $0 | - | $0 | $0 | 1 |
| John Macke | Treasurer | 0 | $0 | - | $0 | $0 | 1 |
2022 · 7 people listed · none paid
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| Julia Kaercher | EXECUTIVE DIRECTOR & PRESIDENT | 28 | $0 | - | $0 | $0 | 1 |
| Michael F Petrie | DIRECTOR | 0 | $0 | - | $0 | $0 | 2 |
| Julie Sharp | DIRECTOR | 1 | $0 | - | $0 | $0 | 1 |
| MICHAEL DURY | DIRECTOR | 1 | $0 | - | $0 | $0 | 1 |
| MICHAEL DUNLAP | DIRECTOR | 1 | $0 | - | $0 | $0 | 1 |
| TERRY OZNICK | SECRETARY | 0 | $0 | - | $0 | $0 | 1 |
| JOHN MACKE | TREASURER | 0 | $0 | - | $0 | $0 | 1 |
Highest-paid independent contractors
No independent contractors reported.
Who the money went to
Grants this organization reported paying: Schedule I Part II of the Form 990, or the grants-paid list on the 990-PF. Open a year for every recipient. Recipients link to their own page when the grant names an EIN we have (990-PF grants list no EIN, so those link only on an exact, unique name and state). Grants to individuals are counted; their names are not shown.
2024 · 35 grants to organizations · $450K
2023 · 5 grants to organizations · $104K
Negative amounts are returned or refunded grants; they are listed last and left out of the totals of grants paid.
Who gave
Contributors listed on Schedule B of the Form 990-PF: name, city and state as filed (street addresses are not shown), with total and noncash contributions for the year. A link to an organization's page is tagged Fuzzy with its name-similarity score (0 to 1) when it rests on name and state; Schedule B lists no EIN, so no link here is an exact identifier match.
2024 · 3 contributors · $450K
| # | Contributor | Type | City, state | Total | Noncash | Source |
|---|---|---|---|---|---|---|
| 1 | MERCHANTS BANK | Organization or other | CARMEL, IN | $382,748 | - | Form 990PF Sch. B, 2024 · filing |
| 2 | MERCHANTS CAPITAL | Organization or other | CARMEL, IN | $61,772 | - | Form 990PF Sch. B, 2024 · filing |
| 3 | MILLER KNOLL | Organization or other | ZEELAND, MI | $5,000 | - | Form 990PF Sch. B, 2024 · filing |
2023 · 2 contributors · $104K
Contributors listed here are as reported on the filing. Unusual is not the same as improper. Many of these patterns have ordinary explanations. Check the filing.
Finances
Newest first. Each filing: its name on one row, its figures on the row beneath. Greyed filings are superseded by a later return for the same period and are left out everywhere else on this page.
| Revenue | Expenses | Assets | Net assets | Contributions | Program revenue | Officer pay | Employees | Volunteers |
|---|---|---|---|---|---|---|---|---|
| 2024 · Form 990PF | ||||||||
| $449,520 | $449,520 | $500 | $500 | $449,520 | - | $0 | - | - |
| 2023 · Form 990PF | ||||||||
| $106,773 | $106,273 | $500 | $500 | $106,773 | - | - | - | - |
| 2022 · Form 990PF | ||||||||
| $0 | $0 | $0 | $0 | $0 | - | $0 | - | - |
Funders of this organization
Not reported: no grants to this organization appear in the filings we have (tax years 2010 to 2025).
Similar organizations
Ranked without any AI: same NTEE code first, then the same NTEE group; then revenue within 2x, 5x or 10x; then the same state; then similar name and mission text. Same state only · More (100)
| Organization | State | NTEE | Latest revenue | Latest expenses | Top-paid title | Top pay | Why similar |
|---|---|---|---|---|---|---|---|
| CHAPMAN FAMILY FOUNDATION INC | IN | T20 | $468,253 | $674,967 | PRESIDENT & TREASURER | $0 | Same NTEE code T20, revenue within 2x, same state, similar name |
| ZIMMER BIOMET FOUNDATION INC | IN | T20 | $473,417 | $4,058,424 | Director and President | $0 | Same NTEE code T20, revenue within 2x, same state, similar name |
| BRUGH FAMILY FOUNDATION INC | IN | T20 | $428,028 | $646,061 | President | $0 | Same NTEE code T20, revenue within 2x, same state, similar name |
| ANNA BOSSE TRUST | IN | T20 | $420,261 | $251,733 | TRUSTEE | $51,582 | Same NTEE code T20, revenue within 2x, same state |
| MEED FOUNDATION INC | FL | T20 | $462,820 | $592,490 | DIRECTOR, PRESIDENT | $0 | Same NTEE code T20, revenue within 2x, similar name |
| MESSNER FOUNDATION INC | NJ | T20 | $435,705 | $952,349 | Trustee | $50,000 | Same NTEE code T20, revenue within 2x, similar name |
| CRJ FOUNDATION INC | GA | T20 | $435,077 | $129,489 | CHAIR/PRESIDENT | $0 | Same NTEE code T20, revenue within 2x, similar name |
| SHANNON FOUNDATION INC | GA | T20 | $435,158 | $420,072 | DIRECTOR | $26,250 | Same NTEE code T20, revenue within 2x, similar name |
| BECK FOUNDATION INC | VA | T20 | $444,503 | $549,540 | DIRECTOR/ PRESIDENT | $46,154 | Same NTEE code T20, revenue within 2x, similar name |
| EZBO FOUNDATION INC | GA | T20 | $441,991 | $449,031 | President and Treasurer | $0 | Same NTEE code T20, revenue within 2x, similar name |
| KEAN FOUNDATION INC | TX | T20 | $438,812 | $2,395,399 | DIRECTOR | $0 | Same NTEE code T20, revenue within 2x, similar name |
| CBIS FOUNDATION INC | NJ | T20 | $428,065 | $1,303,945 | PRES/DIR | $0 | Same NTEE code T20, revenue within 2x, similar name |
| AMGIS FOUNDATION INC | NY | T20 | $450,791 | $211,529 | Director | $0 | Same NTEE code T20, revenue within 2x, similar name |
| NOBIS FOUNDATION INC | FL | T20 | $461,995 | $374,988 | PRESIDENT;DIRECTOR | $60,000 | Same NTEE code T20, revenue within 2x, similar name |
| HUNTER FOUNDATION INC | GA | T20 | $460,861 | $215,533 | DIRECTOR | $0 | Same NTEE code T20, revenue within 2x, similar name |
| DIESEL FOUNDATION INC | FL | T20 | $472,386 | $465,676 | DIRECTOR | $0 | Same NTEE code T20, revenue within 2x, similar name |
| ALECIA FOUNDATION INC | NY | T20 | $424,862 | $49,033 | PRESIDENT | $0 | Same NTEE code T20, revenue within 2x, similar name |
| GEODIS FOUNDATION INC | TN | T20 | $419,794 | $347,747 | BOARD MEMBER | $0 | Same NTEE code T20, revenue within 2x, similar name |
| SPOHLER FOUNDATION INC | NJ | T20 | $458,313 | $662,214 | BOARD MEMBER | $0 | Same NTEE code T20, revenue within 2x, similar name |
| NORFOLK FOUNDATION INC | CT | T20 | $436,707 | $490,085 | SPECIAL PROJECTS AND | $50,690 | Same NTEE code T20, revenue within 2x, similar name |
| WOOLSEY FOUNDATION INC | HI | T20 | $434,503 | $129,734 | VICE PRESIDENT/DIRECTOR | $1,000 | Same NTEE code T20, revenue within 2x, similar name |
| SORDONI FOUNDATION INC | PA | T20 | $433,711 | $550,573 | CHAIRMAN | $0 | Same NTEE code T20, revenue within 2x, similar name |
| CITRONE FOUNDATION INC | CT | T20 | $428,133 | $454,037 | EXECUTIVE ASSOCIATE | $77,296 | Same NTEE code T20, revenue within 2x, similar name |
| AKHOURY FOUNDATION INC | FL | T20 | $422,485 | $331,727 | TRUSTEE | $0 | Same NTEE code T20, revenue within 2x, similar name |
| CARRIER FOUNDATION INC | FL | T20 | $422,300 | $4,975,655 | SECRETARY | $0 | Same NTEE code T20, revenue within 2x, similar name |
Who funds organizations like this
Grantors that funded the 100 most similar organizations. Ranked by total given to them. Foundations (990-PF) and donor-advised fund sponsors only. Same matching as Funders above (by EIN, or by name for foundations).
The full list · all similar organizations
Where the money went
Every expense line on each return, biggest first: Form 990 Part IX (with its program, management and fundraising columns), 990-EZ Part I, or 990-PF Part I. Event marks lines the organization itself describes as events. “Events” in each summary adds those lines, conferences and meetings, and the direct costs of fundraising events. Unusual is not the same as improper. Many of these patterns have ordinary explanations. Check the filing.
2024 · Form 990PF · $449,520 spent · pay $0 · grants $449,520 · events $0
| Line | As described | Total | Share |
|---|---|---|---|
| Contributions, gifts, grants paid | $449,520 | 100.0% | |
| Total | $449,520 | 100% |
2023 · Form 990PF · $106,273 spent · pay $0 · grants $103,773 · events $0
| Line | As described | Total | Share |
|---|---|---|---|
| Contributions, gifts, grants paid | $103,773 | 97.6% | |
| Fees: accounting | $2,500 | 2.4% | |
| Total | $106,273 | 100% |